OECD Journal: Journal of Business Cycle Measurement and Analysis
- Discontinué
- Fait suite à :
- Journal of Business Cycle Measurement and Analysis
The Journal of Business Cycle Measurement and Analysis has been discontinued as of 24 June 2016. This journal was published jointly with CIRET from 2004 to 2015. For more information see www.ciret.org/jbcy.
- Semestriel
- ISSN : 19952899 (en ligne)
- https://doi.org/10.1787/19952899
A comparison of economic indicator analysis and Markov switching methods concerning the cycle phase dynamics
report
This paper compares the dating of growth rate cycles obtained from a Markov switching approach with the reference chronologies based on Economic Indicator Analysis (EIA) given by the Economic Cycle Research Institute (ECRI), focusing on a set of developed and emerging economies. The developed countries include US, UK, Germany and Japan, which are compared with an emerging economy, India. Using a univariate Markov regime switching model we characterise growth rate cycle phenomena for these countries by identifying turning points and distinct economic regimes, employing data on the growth rate of the coincident index given by ECRI.
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